In 2022, tuition for full-time students at Thomas College was $28,954 a year.
In 2022, tuition increased 3%–from $28,110 the prior year. On average, college tuition goes up about 3% every year.
If this information makes going to college feel scary, remember, the total cost of tuition isn't the final cost for attending college. Many students owe way less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theactual cost of attending college feel more doable until after graduation.
Thomas College is a private, nonprofit institution, so it has the same tuition for residents of Maine as it does for students who live in other states.
Public colleges and universities receive funding from the state government. These institutions offer reduced tuition for those who qualify as Maine residents.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Don't forget to verify your state's rules for in-state tuition. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on the state you and your parents currently reside in.
Thomas College has the same tuition for international students as for those from out of state.
Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but may qualify for private or school-specific aid and scholarships. International students who demonstrate financial need may be eligible for the following types of financial support at Thomas College:
•Thomas College-specific scholarships
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to the cost of tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Thomas College.
Room and board at Thomas College is $11,998 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that allows you to eat in the Thomas College's on-campus cafeterias and dining facilities. Students who live off campus but still want to use the dining facilities can choose to be on a meal plan. The cost of a mean plan, or board-only, is $5,832.
Meal-plan costs vary based on on the numnber of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books and supplies depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to help cover the cost of facilties, like the computer labs and libraries, athletic facilities, and more.
There may be other costs associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have resources so that those with demonstrated need to find ways to lower or eliminate these fees.
The cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your transportation budget. At Thomas College, freshman are allowed to park on campus.
Where are a college is located can impact your transportation budget. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand getting around in an urban area could be costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. Thomas Collegeis located in a rural setting in Maine, near Lewiston/Auburn.
When budgeting for college, don’t forget to consider personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s go over all of the costs we've covered, to get a better idea of what is really costs to go to Thomas College.
What will the cost of attending Thomas College be? Here is a breakdown of tuition and expenses.
2022 Total Tuition and Expenses | |
---|---|
Tuition | $28,954 |
Room and Board | $11,998 |
Board Only | $6,166 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $42,236 |
Off-Campus | $36,404 |
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
In 2022, 561 of the 1,601 undergrads enrolled received financial aid. Thomas College meets 85% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $24,711 a year. Around 90% of Thomas College undergrads take out student loans to cover any remaining costs. Thomas College graduates who have student loans graduate with an average of $32,123 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $20,209 |
Private Loans | $11,826 |
Most Common Loans for Thomas College Students | |
---|---|
Federal Loans | 78% |
Private loans | 29% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Thomas College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Thomas College awarded 554 need-based scholarships to students, giving away total of $10.7 million to help students with financial need cover the cost of school. An additional $2.09 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Thomas College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Thomas College was $24,711 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Thomas College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $17,525 |
Off-Campus | $11,693 |
What will attending Thomas College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the Thomas College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Thomas College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for faculty, staff, and their families , underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
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$42,236
In State$42,236
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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